Examples of Market Rate Unit in a sentence

During sale transactions, the Preliminary Change of Ownership Report must properly identify each Below Market Rate Unit as a transfer subject to governmentally imposed restrictions.
The term Market Rate Unit refers to units without income or rent restrictions.
Each Vertical Developer shall pay (or cause payment) to the Community Benefits Fund upon the close of escrow of the initial sale to an Owner/Occupant of each Market Rate Unit an amount equal to one-half of one percent (0.5%) of the sale price of such Market Rate Unit.
One (1) Unit shall be reserved as an RSO Restricted Market Rate Unit, as required the Los Angeles Housing and Community Investment Department (HCIDLA) in its AB 2556 Determination letter dated June 26, 2019.
No Certificate of Occupancy will be issued for any corresponding Market Rate Unit prior to Affordable Unit construction completion.

More Definitions of Market Rate Unit

Market Rate Unit means a Residential Unit that is not an Agency Affordable Housing Unit or a Required BMR Unit.

Market Rate Unit means a Residential Unit that is not an Agency Housing Unit, Workforce Apartment Unit, Inclusionary Unit, or Workforce For-Sale Unit (except that a Workforce For- Sale Unit shall be classified as a Market Rate Unit in the first Fiscal Year after the Fiscal Year in which the five-year anniversary of the first sale of the Workforce For-Sale Unit to a homebuyer occurs, as determined by the Administrator).

Market Rate Unit is each Residential Unit that is not an Affordable Unit.

Market Rate Unit is defined in the Below-Market Rate Housing Plan. “Mid-Point Date” is defined in Section 2.1.

Market Rate Unit means a dwelling unit in a residential or mixed-use development that is not restricted in terms of rent or sales price.